Shares of MSA Safety Inc. (NYSE:MSA) hit a new 52-week high on Monday . The stock traded as high as $57.66 and last traded at $57.31, with a volume of 21,442 shares trading hands. The stock had previously closed at $57.33.

Several analysts recently weighed in on the company. TheStreet raised MSA Safety from a “hold” rating to a “buy” rating in a report on Monday, March 28th. Stifel Nicolaus raised MSA Safety from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Tuesday, June 14th. Finally, Sidoti lowered MSA Safety from a “buy” rating to a “neutral” rating in a report on Tuesday, April 19th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $54.25.

The company’s 50-day moving average is $52.81 and its 200-day moving average is $47.15. The company has a market capitalization of $2.14 billion and a P/E ratio of 29.63.

MSA Safety (NYSE:MSA) last posted its earnings results on Thursday, April 28th. The company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.04. The business had revenue of $279.27 million for the quarter, compared to analyst estimates of $274.16 million. During the same period in the previous year, the company earned $0.42 earnings per share. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. On average, equities research analysts predict that MSA Safety Inc. will post $2.74 EPS for the current fiscal year.

In other news, Director L Edward Shaw, Jr. sold 1,281 shares of the firm’s stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $48.07, for a total value of $61,577.67. Following the sale, the director now directly owns 510,271 shares of the company’s stock, valued at $24,528,726.97. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Diane M. Pearse sold 1,283 shares of the firm’s stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $48.00, for a total value of $61,584.00. Following the completion of the sale, the director now directly owns 20,120 shares in the company, valued at $965,760. The disclosure for this sale can be found here.

Several large investors recently added to or reduced their stakes in MSA. Retirement Systems of Alabama boosted its stake in MSA Safety by 1.3% in the fourth quarter. Retirement Systems of Alabama now owns 40,787 shares of the company’s stock valued at $1,773,000 after buying an additional 525 shares during the last quarter. Nationwide Fund Advisors boosted its stake in MSA Safety by 1.0% in the fourth quarter. Nationwide Fund Advisors now owns 70,035 shares of the company’s stock valued at $3,044,000 after buying an additional 670 shares during the last quarter. Rhumbline Advisers boosted its stake in MSA Safety by 1.2% in the fourth quarter. Rhumbline Advisers now owns 65,368 shares of the company’s stock valued at $2,842,000 after buying an additional 755 shares during the last quarter. California State Teachers Retirement System boosted its stake in MSA Safety by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 54,300 shares of the company’s stock valued at $2,360,000 after buying an additional 900 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in MSA Safety by 0.3% in the fourth quarter. Principal Financial Group Inc. now owns 314,307 shares of the company’s stock valued at $13,663,000 after buying an additional 977 shares during the last quarter.

Mine Safety Appliances Company is engaged in the development, manufacture and supply of products that protect people’s health and safety. The Company’s line of safety products is used by workers worldwide in the fire service, homeland security, oil and gas, construction and other industries, as well as the military.

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